Aldi's $3.4 billion plan will intensify Charlotte's low-priced grocery competition

Aldi's $3.4 billion plan will intensify Charlotte's low-priced grocery competition

The German company's presence in Europe and the rest of the world is impressive, amounting to more than 10,000 locations.

Aldi-a part of the grocery store empire that owns Trader Joe's-has already made big inroads in the United Kingdom, jumping from the tenth to the fifth largest grocery chain within a decade.

The $5 billion move would have Aldi as the third-largest USA food retailer by store count behind Walmart and Kroger.

In a press announcement of the initiative Monday, CEO Jason Hart emphasized Aldi's leadership in the hard-discount space, and the assortment evolution supported by renovations and new stores in recent years. The latest store expansion will create 25,000 U.S.jobs and make Aldi the third-largest grocery chain operator in the country. Both Lidl and Aldi are positioning themselves as trend-right, less-expensive alternatives to traditional grocery stores.

Aldi also noted that it has continued to grow its selection of products-with more fresh foods, gluten-free options, and award-winning products throughout the store. The company has also started offering fresh fish, improved its meat selection and increased its selection of national brands, part of a bid to shed its image as strictly a low-brow discounter. Aldi says many of existing stores will be remodeled and expanded.

Philippine army declares 8-hour Eid al-Fitr truce in Marawi
Año said the cease-fire will last from 6 a.m., when Eid prayers start, until 2 p.m. when festivities are expected to culminate. More than 309,000 people have been displaced in Marawi and nearby areas.

Wal-Mart Stores Inc., the largest USA grocer, is testing lower prices in 11 US states and pushing vendors to undercut rivals by 15 percent.

Lidl reportedly plans to open 200 stores in the coming years.

The growing grocery landscape in the U.S. is looking to step into a whole new level, more specifically the discounted supermarket and cheaper grocery market. However, only about 1,600 of these stores are located in the U.S.

ALDI's announcement comes at a time when one of its fiercest European competitors is set to make a splash in US markets. Aldi Sud oversees the US operations, while Aldi Nord runs the popular private-label grocer Trader Joe's. Experts note that food prices have already been dropping for 17 straight months due to increasing competition, the longest stretch in over 60 years.

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